Viacom to launch a direct-to-consumer streaming service

Photo: Viacom

With cord-cutting growing by the day, several companies have responded by launching their own streaming services. Following in the steps of companies like Walt Disney, broadcasting company Viacom announced during a recent earnings call that it too soon will launch a streaming service.

Viacom, who owns Paramount Pictures and cable networks such as Comedy Central, MTV, and Nickelodeon, plans to roll out a direct-to-consumer streaming service by September 2018. The ad-supported service will roll-out in the U.S. first and feature "tens of thousands of hours of content" that cuts across Viacom's extensive library.

Viacom's move into the streaming space won't be a easy one. Besides Netflix dominating the crowded market, the company will face stiff competition in Amazon Prime, Hulu, HBO Now, CBS All Access, YouTube TV, and a host of others.

Stay tuned for more details pertaining to the new streaming service. In the mean time, check out the latest technology news here.